ONEOK said it entered into agreements to acquire about 43% of EnLink Midstream, LLC common units for $14.90 in cash per EnLink Unit and all of the membership interests in the Manager for $300.0 million in cash, with the agreements dated August 28, 2024.

1. 01

   ONEOK said it entered into agreements to acquire about 43% of EnLink Midstream, LLC common units for $14.90 in cash per EnLink Unit and all of the membership interests in the Manager for $300.0 million in cash, with the agreements dated August 28, 2024.

2. 02

   The company said it will acquire the general partner position and all limited partner interests in Medallion under the Medallion Purchase Agreement for a purchase price of $2,434,300,000, which is subject to adjustment. It said it expects the deal to close in Q4 2024.

3. 03

   The company obtained a commitment from JPMorgan Chase Bank, N.A. and Goldman Sachs Bank USA for an unsecured term loan facility of up to $6.0 billion, available in two draws, with each borrowing maturing 364 days after it is made.

4. 04

   The company said it expects the EnLink Transaction and the Medallion Transaction to close in Q4 2024, and that both are subject to customary closing conditions, including the expiration or termination of the applicable waiting periods under the Hart-Scott-Rodino Antitrust Improvements Act.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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